Over the past decade, ionic liquids (ILs) have become one of the fastest growing "green" media for chemists and engineers due to their superb physicochemical properties. The applications of these remarkable salts in reactions and extraction processes have been extensively investigated and reviewed. This review, however, highlights recent advances of ILs as versatile "green" engineering liquids in a variety of industrial applications including heat transfer fluids, azeotrope-breaking liquids, lubricants, electrolytes, liquid crystals, supported IL membranes, plasticizers, and more. This review is not intended to be comprehensive, but rather to discuss the potentials of ILs for diverse industrial applications.